Singapore's Zilingo Says Fashion Tech Starup Cut Jobs Amid Pandemic

The video discusses the economic impact of the pandemic on the retail industry, highlighting challenges in supply chains and the necessity for staff redundancies. It addresses communication issues during layoffs and outlines financial strategies to focus on core businesses and profitability. The video concludes with future outlooks, including IPO plans, emphasizing the importance of safety and support for employees and small businesses.

What has been a major consequence of the pandemic on the retail industry?

• A halt in the supply chain

• Growth in luxury goods sales

• Expansion of retail stores

• Increased offline shopping

What percentage of staff was affected by the company's restructuring?

• 5%

• 6%

• 10%

• 15%

How did the company communicate with employees during the layoffs?

• By sending letters

• Via video calls

• Through in-person meetings

• Using social media

What is the company's current focus to maintain financial stability?

• Expanding into new markets

• Increasing marketing efforts

• Focusing on core businesses in Asia

• Raising more funds

What is the company's strategy to support the fashion industry during the pandemic?

• Supporting small and medium businesses

• Investing in large corporations

• Reducing production costs

• Focusing on luxury brands

When does the company plan to consider an IPO?

• Once they reach 100% profitability

• Next year

• After the pandemic recedes

• Immediately

What is the company's priority during the pandemic?

• Ensuring safety and protection for employees and families

• Maximizing profits

• Expanding globally

• Launching new products